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The demo account is the master
Feb 26, 2021 at 14:06
The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Mitglied seit Oct 26, 2020
30 Posts
Mar 04, 2021 at 11:28
UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
If it wasn’t for my demo account I would have never made it this far!
Mitglied seit Oct 26, 2020
30 Posts
Mar 05, 2021 at 11:40
carolehaye posted:sailingconsist posted:UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
If it wasn’t for my demo account I would have never made it this far!
Which ones did you use? I can’t seem to settle on one….
That’s something that all traders have encountered. What to do? There are so many choices! I had used Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.
Mitglied seit Dec 14, 2020
16 Posts
Mar 06, 2021 at 03:57
sailingconsist posted:carolehaye posted:sailingconsist posted:UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
If it wasn’t for my demo account I would have never made it this far!
Which ones did you use? I can’t seem to settle on one….
That’s something that all traders have encountered. What to do? There are so many choices! I had used Fxview and Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.
Thanks for replying mate. I am trying my hand at scalping….
Mitglied seit Jul 23, 2020
816 Posts
Mar 12, 2021 at 04:02
josejames posted:
Demo accounts work great for both new and professional traders. You can test as many strategies as you want on your demo account before risking your money.
Traders can also test broker services in demo account without investing money.
Mitglied seit Jul 23, 2020
696 Posts
Mar 12, 2021 at 04:16
AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
However, demo traders lack emotion. So, you cannot learn everything in the demo account.
Mitglied seit Aug 27, 2017
875 Posts
Mar 12, 2021 at 10:25
when looking for a broker we the traders, first of all, have to make sure which is regulated, actually the best broker always ensures the security of funds with a wide range of trading technologies.
keeping patience.......
Mitglied seit Sep 12, 2017
232 Posts
Mar 12, 2021 at 11:03
demo account can surely make you the master of trading.
Mitglied seit Jun 26, 2020
323 Posts
Mar 13, 2021 at 05:08
demo is really important for all kinds of trader even professional , but i have seen most of us always ignore this trading place.
Mitglied seit Mar 13, 2018
13 Posts
Mar 15, 2021 at 13:23
Demo is boring and that makes it unrealistic. A micro live account is best because the thought of losing real money keeps the attention
Mar 15, 2021 at 16:44
SofieAndreasen posted:AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
However, demo traders lack emotion. So, you cannot learn everything in the demo account.
If you trade with the original money, the fear of losing that money is in the minds. And when it comes to demo trading, it seems that there is no problem even if you don't lose the original money. I can't talk to anyone else I shared my experience.
Mar 15, 2021 at 16:51
Antonio_K posted:SofieAndreasen posted:AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
However, demo traders lack emotion. So, you cannot learn everything in the demo account.
True, because emotions intervene only when actual monye is involved, thats why demo seems way too easy as compared to real account trading.
I wanted to point out that demo trading is less important because of which there is no loss or gain emotionally. But if that is the original money, then emotionally it can be a bit of a problem.
Mitglied seit Nov 06, 2018
81 Posts
Mar 16, 2021 at 15:31
Yep demo is the best place to start. But the real emotions start when trade live.
